Morning Analysis on October 5th

Last night, Old Bao spoke, and as I expected, the big pancake fell from around 974 to 957 and then bounced back to around 971, experiencing significant ups and downs, a beautiful V-shaped movement continuing to unfold. The levels remain unchanged, but positions have disappeared. Recently, the focus is on the China-US negotiations; if favorable, it may break through 980 and continue upward. Given the recent large fluctuations, please adjust flexibly according to market trends.

From a technical analysis perspective, the overall significant ups and downs have led to a consolidation state. The MACD on the four-hour chart is in positive territory, with the histogram shortening and the momentum weakening, indicating a possible pullback. The RSI hovers around 60, and if it enters overbought territory, there is also a possibility of downward movement. Given this situation, the focus this morning is on high volatility and low momentum.

For a rebound, focus on 980-975 area for buying

Target around 965-960.

For a rebound at 1860—1840, focus on buying

Target around 1780-1760.